Saccos have won where other financial institutions struggled. They have mobilised domestic savings, extended affordable credit, and brought millions of Kenyans into formal finance.
By
Arnold Munene
Group Managing Director
Kuscco Ltd
The budget-making process for the 2026-27 financial year has ended. Once again, as in previous years, proposals aimed at aligning the tax treatment of savings and credit cooperative societies (saccos) with their unique cooperative character were not considered in the final framework.
Kuscco joins the Kenya Bankers Association and Kenya Private Sector Alliance (Kepsa) in campaigning against the proposal.
Cooperatives and MSMEs CS Wycliffe Oparanya has warned that over 12,000 Saccos in Kenya risk deregistration for failing to submit…
Figures indicate that while Corporate Kenya remains profitable, earnings growth is steadily losing momentum amid weaker consumer…
The government has warned over the rising number of Saccos being formed ahead of the elections, saying that some are being…
Cooperatives umbrella organisation suffered a Sh13.3 billion fraud that was disclosed in 2025.
The bulk of measures contained in the Finance Bill, 2026, focus on reforms improving efficiency in tax collection, fairness in…
